. the impeachment could take global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 place wednesday unless mike journalists and analysts in over pe from power 120 countries. this is bloomberg. first. but that is unlikely. they pledged to work together very much foryou through the end of their terms. that, laura wright in london. joining me is the associate at of whatt you a snapshot the london school of economics is in the pipeline. questions over sovereignty, foreign policy think tank. france's junior minister for the let me get your initial read european union affairs tells us then to have situation in the united states. the world will look different from the u.k. post-brexit. and the potential fall yacht this is bloomberg. that may ensue as we count ♪ down to inauguration day. >> good morning from dubai. >> well, i think the thing to know is that we're sort of i'm yousef gamal el-din and this leaving the realm of .s "bloomberg daybreak: europe conventional political analysis. trump's first impeachment was just about a year ago and it mike pence signals he will work has been quite a year since with the president as the house moves on impeachment. warning ofwarming -- then. obviously. it may seem like more time than that. armed protests ahead of inauguration day. deutsche bank set to cut ties at one point it was about the with trump as the gop board groom -- boardroom backlash political ramifications of grows. impeachment. weighing the imperative of

justice against the sort of more fluctuating public markets telly dollar strength opinion and political story with stocks mixed on virus maneuvering aspect. at this point, we're much more concerns the u.k. prime minister of a security threat faces criticism after across london bike ride. environment. trump enticed a mob to attack let's get the market action in more detail, because it appears the united states capitol at pausings are puasing -- an event where at least five people died. dozens were injured. lawmakers were forced to evacuate. for breath after the rally we've seen. the counting of the electoral u.s. stocks, breaking the series of gains we had early on. college vote was delayed and goldman is saying by u.s. stocks trump held back on ordering despite.com valuations. reinforcements to the capitol so it was clearly a favoring value and non-us combination of failure to stocks thanks to the rising prepare on part of the treasury yields and the security authority and trump's democratic win. desire to see something happen. i think the question for the of 2021. story house is not the political ramifications. the 1% level used to be elusive. it is whether impeachment is the quickest way to get trump it is becoming the new normal. out of office for the spreads in yield between the reachedyear and bunds, relatively short remainder during which time he maintains

levels since we haven't seen control over the u.s. military since pre-pandemic. and the nuclear arsenal and of course the federal government. the bloomberg dollar index, the yousef: the reality is that highest in nearly three weeks, a big three-day rally for the you have an incoming greenback. morgan stanley is throwing in administration under joe biden the towel on their weak dollar call due to the rising treasury that is looking to get a head yields so they've shifted to neutral and brent crude, getting start and focus discussions on a lift of about .1%. iea putting out warning flags. the country and by chasing this particular -- that a lot now to our top story. of important resources of government will get redirected at a time when people are house have launched impeachment proceedings against president hurting in the united states. trump and the vote could take place wednesday, on this vice >> well, we saw reporting president mike pence removes trump first, but sources say yousef: this is "bloomberg about that yesterday. that is unlikely to happen. daybreak: europe." biden is looking to see if the trump and pens met for the first senate can split its time eu but inas left the between an impeachment trial time since the storming of the capital last week and have nd passing his cabinet and pledged to work together through many key areas, uncertainty the end of their term. remains. in an interview with maria we are joined by tadeo, france's junior minister covid. he can speak to the house jennifer, our bloomberg quicktake reporter. for eu affairs and ally of the french president emmanuel macron speaker nancy pelosi, to the what impact could this meeting have in the lead up to the incoming senate majority inauguration?

really, this meeting is said the u.k. is still not fully sovereign despite brexit. leader, chuck shirme who are secured access both democrats. at the end of the day, significant. congress is a co-equal branch as you mentioned, it is the first time vice president pence of the government and can make its own decisions. and president trump met with the u.k. -- eu markets, but biden doesn't have any direct authority to tell them when, in many respects, our rules and how to schedule an impeachment standards which limits their and many lawmakers believe balanced, be fully trial. yousef: how likely this effort that could potentially lead to is going to be successful? i mean, the house can push the vice president invoking the anyway, that is a greater through its motion but then it 25th amendment, which would give situation because it will have him and the cabinet the ability access to the market, but will needs to -- there is only a to remove the president from not decide on the rules. it is much better and we should few days left until to be within the office. that's not likely to happen. inauguration day. this is likely to spill over the sources say the meeting the into the new term, isn't it? two had was civil and they spoke club and able to decide on these >> i think it is very unlikely rules. that the senate trial will a lot about the past four years maria: there is one area the take place before the end of and also about the remaining u.k. did not get a deal and that days until the in operation, so trump's turn. what that sets up now is a vote is the financial services, the impeachment doesn't have to path forward to msu equivalents. happen during the term of the articleshouse on these the city of london depends on that and we have seen banks elected official whom it is directed at. of impeachment. moving to paris for the same the other purpose is to bar we heard house democrats reason. we don't minister says introduce a resolution on monday trump from serving in federal and they accused the president office ever again which can be of incitement of an insurrection have everything we want, but it doesn't meant we can't get it in done on a subsidiary vote the future.

following conviction. and we've heard from many of the if you have 50 democrats in house lawmakers that we could in two or three years time, will the eu grant full equivalents? frederik: -- the senate and 17 republicans see a potential vote on wednesday, tomorrow. willing to go along with them, you can register an this is really significant and lawmakers are signaling they clement: know, passporting is over. impeachment against trump and that is a clear-cut consequence have enough support in the prevent him from running again house, so if this is passed, we of brexit. in 2024 which i think you could potentially see the could argue would be an no passporting anymore and there is no way within the legal appropriate sanction for having incited this mob and president impeached for a second framework. a unilateralble, also some of the republicans time, but what we are hearing from other lawmakers is they in the senate would like to could delay sending this article run for president themselves of impeachment into the senate and it might be a boon to decision from the eu to be their own political prospects until biden takes office, has decided by us 27th is to give and panel to whether i the backlash we have seen from access to our financial services market on the first 100 days, and is able to get some cabinet picks into office. corporations cutting off muchf: there has been an ad hoc basis, meaning you donations, there may be a look at the segments of the cynical calculation that the market you want to give access fallout from corporate america to, you decide yourself, the eu winds have shifted so in the wake of the riots. what are we hearing on this front now? jennifer: what we saw from in this case and you can revoke thoroughly against trump after years of prediction that it would happen, it has finally this authorization of access. corporate america following the appened. election was much unity around it is very different words from before the 31st hopefully suggesting and yousef: how does the republican party get out of hoping there would be this? they are split down the line. of december. yousef: let's get to bloomberg's between elements that support

a peaceful transfer of power the incumbent president. maria tadeo, because she was the into the next administration. one that was in a conversation their assist sis and states they picked up recommendations with france's junior minister last weekend we are seeing them and then the other side of put their money where their mouth is. pretty what fares clement beaune that where that is less of a monday, we saw corporations take action and decides to pull affairs clement requirement. whoing from those lawmakers what is going to be the one element that may bring them back together as they try and beaune. were part of overturning -- part put up a fight against the of trying to overturn the room in of breathing election results. that includes senator josh democrats? >> if we were again in the the financial services industry, what are your impressions? maria: you heard it in that realm of conventional tape. hawley, senator roger marshall, very little, and when you speak political analysis, i would and we could see that pickup. say in some ways it is a boon to clement beaune, he is very for them to be losing both know, many of these houses of congress andjanuary b close to emmanuel macron. lawmakers are funded from dossiers,ss all contributions from big corporations so this is significant. some of the big companies we saw united through unified on monday take action includes so you get an insight into what opposition to joe biden and marriott, blue cross blue shield. the democratic party's agenda. from the pgaction the french president's thinking again, though, we're not in a and the french position is. he said passporting is gone. conventional environment anymore. we have seen in addition to tournament. they were planning on hosting the storming of the capitol, their championship at the trump golf course. we have seen a lot of and ascided to pull that reporting about significant things will change and the threats and videos of people investment community still needs to grasp this idea that things like lindsay graham who has we know, the president spends the majority of his time on the will change and secondly, on the been by and large a trump golf course. he does a lot of business on equivalents, and this is key. supporter being accosted these golf courses so this is this has not been agreed yet, he angrily by members of his own significant and we could see the ,his picking up steam said this is a unilateral

decision for the eu to make. party in airports. i think you can't underestimate the degree to the united kingdom doesn't hold potentially setting up actions any cards here because it is up which fear is going to play and moves from lawmakers. jennifer: thank you for that to us whether we want to give it or whether or not we want to into the calculations. take it and that will probably update. you can undersmiment the yousef: jennifer zabasajja. lead to uncertainty because if security threat to members of you can have that decision given congress which was made so but also taken for business, it very real last week. is not the ideal setting and joining us for perspective is the going to drive things. simon, the capital chief that is something he kept repeating. not necessarily in a rational to some extent, he believes the or unity direction but towards economist. further fragmentation and welcome back to the program. u.k. has lost sovereignty as a result of the deal. if there is any investment they unpredictable acts of political theater and can snatch from the city, the violence. i want your reaction on these europeans will pitch for it. 4 yousef: thank you for making developments in the united yousef: thank you. states and whether you are it to the program. warning clients about potential fallout. that is bloomberg's reporter in brussels maria tadeo. some insights then around the we've been used to political i want to circle back to simon quijano-evans, gemcorp capital u.s. political situation. let's get some first word news noise for the last four to eight chief investment economist. now with laura. years. it is not only in the u.s., but >> thank you, the u.k. is tightening travel the so-called developed markets spots --invulnerable and i emphasized so-called a lot restrictions, removing the here. howee this in europe, in united arab emirates from its in vulnerable spots in terms of quarantine free travel the economic recovery that is fragile. corridor after an uptick in politicians have been dealing this could hardly come at a more cases in the gulf country verythe covid-19 surge inconvenient time. simon: you are right. which have risen 50% from the past week. poorly in places like europe and northern america and we see let's face it. the financial service industry today people traveling from

the u.a.e. will need to is very much dependent on this, self-isolate 10 days. places like africa dealing with but it is for both sides very important. covid-19 way better than many thought they would and actually i don't really think there is joe biden's inauguration in better than places like europe any point in getting into the so for me, as far as the market nitty-gritty details of just other a weeks time. sovereignty, not sovereignty. let's let them discuss this. this is about realpolitik and thousands of national guard is concerned, it is what the central banks do and let's face troops set to be deployed and it, central banks are going to realpolitik tells us very the f.b.i. is warning of armed keep liquidity in place until things calm down. clinically -- clearly it is protests in all 50 state about recovering from the worst they are really the saviors of last resort. capitols. not only the lenders of last crisis we've had in centuries. pfizer is boosting output by resort, but the saviors of last resort during this crisis. let's get down to things and at more than 50% planning to the end of the day, realpolitik will win and everyone will bang produce 2 billion doses of it is about 10 year their covid shots this year. their heads together and we will the vaccine is scheduled to be get some solution to this. yousef: as an economist, you've given in two doses 21 days yields, as well. front and center of the debates been recovering -- covering the where is therld, apart but some countries have recovery in europe and how it selected to stretch out the stacks up time between shots to red line in the sand or a bigger vaccinate more people. global news 24 hours a day. owered by more than 2700 dislocation could come through? in parts of the united states and more so in china and asia. 1.5, 1.4? where does europe stand here? economist, very simon: the surprise came in the journalists and analysts in more than 120 countries. this is bloomberg. yousef: thanks, laura. last week driven by u.s. politics when the 10 year yield new c.e.o. b.s.

simply put, from the beginning, jumped above 1% to over 1.1% it was clear to me and other testing werepe, now. tells us why he remains the main things to get the whole pandemic under control. we could definitely see this confident in his ability despite a probe of a money thing had further north in the now, the main and only solution to get this pandemic under laundering scandal. short-term, until the fed makes control is vaccinations. that conversation is next. this is bloomberg. ♪ clear it stays in place with as i mentioned before, israel this accommodative policy. has 20% of the population what we will see is volatility vaccinated. uae and bahrain are next on the in 10 year yields and also in the u.s. dollar so this is tot, then u.s. and u.k., 3% important for emerging markets. it kind of has an 4% of the population vaccinated and the european union, with less than 1%. bears, isd dollar these programs need to be accelerated massively. it is the only solution i see as pickup.mist for a this an inflection point or is this just a little bounceback we are seeing in the greenback? we need this in place by q2 and where do you stand in this debate? the fedwe've seen is then we move to emerging markets. the calculations i make with and all central banks providing pfizer, astrazeneca, moderna u.s. dollar liquidity. in march andll vaccine's is given what they

plan to produce this year, we still need 3.2 billion doses to april, the main thing was for central banks and the fed to immunize the world if china provide dollar liquidity so that is in place now. and russia use their own vaccines. it is not only about the conventionally, one would european union. talking about u.s. imagine, and it depends on the politics of mr. biden and his government when they come in place but the market would be expecting dollar to weaken the treasury yields earlier on, it is one of the conversations in a next six to 12 months, but it more broadly markets outside the united states. depends on what happens with u.s. politics, how expensive the what is the level of vulnerability at current levels, policy will be. something slightly higher? think essentially is we've had the most expansive fiscal policies last year and develop markets strategy jump last year to 120% in how quick it moves in that direction. we've seen this surprise of 40 basis points in u.s. treasury and this was a shocker for 2020, where emerging markets went from 50 to 60. it is a lot of things happening emerging-market assets. if we moved to 1.50, that would be a big move. yousef: now. it depends how quick we move in in terms of the fiscal stimulus that direction, because let's package, is there a level you would say there are diminishing face it. emerging market bonds are trading at spreads over the developed market counterpart, in returns to giving the u.s. economy a boost? africa all the way up to 500, in terms of overdoing it with

600 basis points so it is the stimulus in a short amount of time? let's face it. speed at which the u.s. treasury yield would move to 1.20, 1.30. central banks have provided a gdp injections. if we moved to 1.30, that would be a threshold that would be concerning. yousef: it has been a pleasure. as far as developed markets, we simon quijano-evans, gemcorp are talking about 20% gdp fiscal capital chief economist. injections into 2020 and the new coming up, u.s. stocks are the package that was passed in the most expensive since the dot-com bubble, the goldman sachs says u.s. now. for the time being, that should they are still the best game in town. yousef: this is bloomberg day be enough. it is a question of measuring find out why in today's morning call. this is bloomberg. break europe. ♪ with democrats clinching lockdowns. in europe, there are plenty of control of the senate it paves lockdowns going on and it is a the way for lawmakers to enact question of timing the vaccines (announcer) do you want to reduce stress? when they come through. bigger spending packages. we've got about 30 million shed pounds? tom mckenzie spoke to the vaccines already, so far do you want to flatten your stomach? u.b.s. chairman about how that globally. do all that and more in just 10 minutes a day impacts his view over the doesn't sound like much but in some countries, it is more than others. economic recovery. yousef: we still have a lot to with aerotrainer, >> we have actually downgrade the total body fitness solution get her. simon quijano-evans, gemcorp that uses its revolutionary ergonomic design our short-term protection for the first quarter and for the to help you to maintain comfortable, correct form. last quarter of last year. capital chief economist stays with us. let's get you now the first word we're now going to see a news for thepicture. that means better results in less time. double dip recession in europe you can do an uncomfortable,dh where the first quarter will be quite negative, minus 2%

or an aerotrainer super crunch. and there is a carryover into need tohe u.k. may the first quarter this year, i turn regular planks into turbo planks think that as vaccination get tighten its lockdown restriction without getting down on the floor. it is rolled out, there is if people do not follow the rules. that is the latest warning from and there are over 20 exercises to choose from. actually light at the end of the tunnel for the second half prime minister johnson, saying incredible for improving flexibility of this year. a strong rebound of the global any complacency about the and perfect for enhancing yoga and pilates. disease is misplaced but he's also risking undermining his own economy and might be through a appeal with a seven mile bike ouble dip recession. and safe for all fitness levels. ride across london. get gym results at home the health secretary defended yousef: how does that inform in just 10 minutes a day. no expensive machines, your views about equity the prime minister, saying a long walk or cycle ride is allowed. no expensive memberships. evaluations? are you concerned or are they get off the floor with aerotrainer. rational? >> for the short-term, neath italy's governing coalition is the european central bank nor at risk of falling apart. former prime minister is go to aerotrainer.com to get yours now. the federal reserve nor any considering pulling -- out of other central bank is going to change their programs. the government. that is going to provide some centrist party only good tail winds for the global controlled a handful of lawmakers but the prime minister economy. we expect a strong rebound at the end of 2021 that will needs their support to command a majority in the senate. carry on into 2022. the move could throw the country into fresh turmoil. >> it is always worth getting in bitcoin is fueling your view on the e.c.b.. the bundesbank. concern the cryptocurrency they have of course extended bubble may be a bout to burst. their bond buying purchases. bitcoin slid as much as 26% over they are going to extend at sunday and monday, its biggest least until march of 2022.

>> the current policy measures two-day drop since march. are extraordinary policies for it has wiped about $185 billion extraordinary times. as you come into more normal in value since friday alone. times, eled expect the normalization of monetary policy to be the right answer. i doubt that the global central banks will give that answer any time soon. i don't think they will raise interest rates during the course of 2023. it is not expected tr the united states or europe. i think at best they might stop their purchase programs or taper them slowly which doesn't mean they stop buying totally but they just reduce the number of purchases an continue to reinvest. this monetary policy will be with us for a long period of time and because of what we yousef: this is "bloomberg saw last time around, we daybreak: europe." didn't get to normality until u.s. stocks are the most after the financial crisis. that gave us little room for expensive since the dot-com bubble, but according to goldman maneuver at the central banks. sachs's wealth management division, they are the best game in town. let's get more on your morning >> what is the board's current call with juliette saly. view over the dutch right, the wealth investigation into the c.e.o.

and the money laundering 570gement team overseeing allegation linked through i.n.g.? what is the view of the board $5 billion says you should be looking at the s&p 500, even at this point? >> regulators have much more though we've been worrying about to look into this matter. the valuations as you see the s&p 500 outperform the likes of they are very convinced for us nothing has changed at this the stoxx 600, the emerging point in time. there is no new news. markets index and msci asia-pacific index reflected on we have monitoring the situation. the chart. assetad of tactical >> how confident are you that he will remain it is a c.e.o.? >> i'm very confident that he allocation says the difference between now and the late 1990's has all the ability to do a is some of the most popular stocks like apple and facebook good job as c.e.o. of u.b.s.. have positive free cash flow. that's where we are. there is no further update on that. >> i want to get your views on they are expecting the s&p 500 to post a return of around 8% m&a and consolidation in banking space. this year on earnings growth of what is your view, what is the around 26%, slightly above consensus. forecast for consolidation they say another reason to be within the banking space this year? >> my voist view is it should overweight equities is the fact happen in a big bank. they are expecting negative there should be a european returns for treasuries in 2021 and conviction on the u.s. banking market. we need to get there now. recovery is causi we need to get there because

to go all in on america first. over the challenges coming out emreason to be overweight of this covid lockdown that finance is needed to channel stocks, which they say have inferior earnings potential. money where it is best used. a different story at ubs as we europe needs a deeper capital market and that will not happen in a fragmented environment. just as a u.s. capital market see fiscal and monetary stimulus pour in. perhaps non-us stocks is where would not have happened in a you should be looking. value stocks in em currencies instead. fragmented environment. i think it needs to grow into this classic beneficiary according to strategists, saying a true union. banks be consolidate. this is the start of an economic you see at the moment banks in upswing and most of versions should be seen as buying europe don't pay dividends. they don't do share buybacks. opportunities, disproportionately benefiting quite a different situation than u.s. banks. in order to be internationally stocks because of the weight on competitive, they need to grow the dollar. take your pick. in size. china is a market of size. yousef: always plenty to work the u.s. is a market of size. europe is a fragmented market with. that is juliette saly in singapore. let's get back to the highlights in that size. that is reflected in the in global markets including what is going on with gold, bitcoin, balance sheets and probalingt and dollar-yen. of each bank in europe we have you might not consider bitcoin a haven, but some do. an historic relationship. all on the board for our growth is in china and the u.s.

you, bouncing back a little. that's where we have invested it has been a her rent this two days if you were long bitcoin resources and where we're having organic and nonorganic and the markets like team is positive it is a good barometer for wider riske. growth. i didn't mean that u.b.s. will be a consolidater. that loss of potentially lead ta we have the strength to be a consolidater because we have a rock solid balance sheet and a contagion impact with good capital position but implications for other assets like tech stocks so at the international acquisitions are moment, we are up 6.5%. ery difficult to do. gold, catching a breath. should we take from that then $1856 an ounce. as you would expect, because of deutsche bank and bernarda pera are no longer on your the dollar strength, that are of -- b.n.p. pair ba continues to be on the margins the theme this morning. we will get into some other key no longer on your targets? >> if we want to grow and if corners of global markets with a detailed discussion over the there are opportunities in next few segments. wealth management or asset management, we would pick a those opportunities. from dubai, london, and the rest of the world, this is bloomberg. ♪ more general detalse tail or universal banking opportunities are a major distraction for many years to come. for all banks. it is not our top priority.

our priority is to grow wealth and asset management. we want to continue knob that space. we need momentum. we want to also put some distance between us and number two and that's where the options become an option. >> that was u.b.s. group chairman. let's stay with banks. credit suisse is considering cuts of at least 10% to its bonus pool. the decision comes after a series of -- hit the lerpsd last year. dani, how likely is it that credit suisse will go through with these cuts? >> at this moment it seems very likely. sources tell us at the moment they are finalizing the plans for these bonus cuts and employees should hear about them in coming weeks. 10% looks to be the baseline. they could be as high as 15%. because you have to remember credit suisse is dealing with

a pretty difficult fourth quarter. they forecast a lot. they had an $850 million charge relating to a u.s. legal case. this is also different than what credit suisse has done in the past. the past two years, the bonus pool has been relatively flat and as you can see, it is different from what ear banks are planning on doing. goldman sachs, jpmorgan morgan planning a 20% increase for their trader bonuses after the big windfalls they brought in for banks. the same cannot be said for credit suisse's traders. yousef: what about the credit suisse former c.e.o.? he is planning a new move, apparently. he may be signing up the -- what is behind that? >> who is not starting one? in 2020, it came to be special purpose acquisition vehicles. 2021 got off to a large start

as well. adding one to the pool, he is raidsing a $250 million vehicle which he plans to list in new york. it will focus on developed and emerging markets so sticking to what he knows. the f.t. also reported on this earlier. they said he is looking at investors including sovereign wealth funds. yousef: good morning from that is likely what the pool of interest is for this bloomberg's middle eastern headquarters in dubai. vehicle, yousef . these are today's top stories. yousef: thank you for the moment. mick pence signals he will bloomberg's dani burger. continue to work with the president as the house moves we have more bank lines. on with impeachment. they have an update on the f.b.i. warns of inauguratio. ambitions. they are going to expand their assets three-fold by 2025. american express joining a long list. up their wealth client base in hallmark asks for its money three years. back. stock fluctuate on virus a new set of targets from citi concerns. the u.k. prime minister faces bank in the united arab criticism after a cross london emirates with of course the

country seeking to grow bike ride. aggressively more broadly on the best way to describe the the macro side. let's get you a preview of current state of affairs is a what is coming up. the f.b.i. warns of armed pause for reflection. protests across the united perhaps a wait and see states ahead of inauguration day. this is bloomberg. attitude. we count down to inauguration ♪ ♪ day. and ram fick ivings higher treasury yields. higher by .1%. goldman sachs talking about buying the u.s. stock deesposito high evaluation on the other side. u.b.s. favoring non-u.s. stocks. the democrat senate win has pushed for a new look at everything. u.s. 10-year yields very much the center of 2021. not too long ago 1% appeared elusive flt that is no longer he case. now at levels since we haven't

seen since the prepandemic level. you can call it pretty much flat as it is. we're coming off the back of the biggest level in three weeks. it has been a strong three-day rally for the green back. it has caused a lot of people to rethink their positions. they are neutral on the surgeon ki. brent gets a lift of .3%. in terms of some of the other moves that we have in gold and bitcoin, we're going to get you those details in a moment but now let's get to our big story in a substantive number of detail because we are now of course with our set of -- s whor getting ready who are getting ready for the program.

yousef: this is bloomberg day break europe. house democrats have launched impeachment proceedings against president trump. those could take place wednesday unless vice president mike pence removes trump first, but sources theys that is unlikely. we're joined by jennifer. what are you seeing and hearing in terms of signals from across the congress divide? >> well, really, it is sort of two-fold.

there is a lot going on in the remaining days of this administration. as you mentioned it is not looking like pence is going to instroke 25th amendment which really sets an historic second vote on impeachment to have president we're hearing as early as wednesday but there are a few concerns with this. first of all, some people are saying there is only eight days left of this administration. what is the point for impeachment and also we heard from the president-little bit biden on monday actually that his priority is getting another round of stimulus and getting his cabinet picks confirmed. so he made a comment to prortes is it possible to deal with impeachment and cabinet confirmation. it sets up a lot of movement we could potentially see in next few days. we have heard from house these articles of impeachment

to the senate until the first 100 days of the administration has passed. a lot of movement now on capitol hill, just a week after we saw that riot on the hill. yousef: thank you. that is our bloomberg quick take reporter. stocks are struggling for direction broadly. there are some exceptions to the rule. given the rising treasury yields and increasing number of coronavirus cases, the restrictions and lockdowns, there is a sense for a need for pause perhaps, reflection that has been translated into the flat line game for u.s. equity futures. that is a tune of 1/10 of %. -- of 1%. we had quite a few losses over the last few trading sessions. the coverage continues. this is bloomberg. ♪ ♪

>> good morning. welcome to bloomberg markets. the europe -- european open. i'm anna edwards along with matt miller in berlin. matt: don't ditch the dollar. treasury yields hit their highest levels since march as morgan stanley takes the green back off